Well, with ETH almost breaking yearly lows, profitability with a RX 470 4GB is down to a measly $0.75 before fees and electricity.
Pretty crazy since back in June 2017, I think this GPU was pulling in around $7.50 while dual mining SIA. However since electricity is fixed and not a ratio of profitability it can mean $0.00 daily net profit after electricity cost for some.
What to do with these GPUs? Sell ? Hold ? Start actually using them to play Video games ?
Thanks for the sources of good information.
Since the topic is not too crowded it was easy to get read it all and get an overall view about where things are going.
Right now ETH profitability is getting lower and lower because all the nvidia cards which used to mine Equihash are turning to Dagger Hashimoto.
The situation is still pretty fine for ASICs and FPGA mining farm, but I think that it's deep winter for people that bought GPUs in late 2017 or early 2018.
The thing is scaring me most is the absence of a good PoW powered project. Everyone seems to believe that the best way (actually is just the simplest and cheapest) to launch a crypto project is doing an ICO and live in ETH or start with ERC20 and swap for a DPOS coin afterward. Seems that no one is actually interested in decentralization (which is the main reason to stay here).
Is anyone aware of a good PoW powered project that is worth supporting?